- Find Attorney
Absolute covenant is an unconditional promise. [Atlantic C. L. R. Co. v. Norfolk S. R. Co., 236 N.C. 247, 251 (N.C. 1952)].
If a mortgage contains an absolute covenant that the principal shall not be called in during a specific period, or until the happening of a certain event, then no default in the payment of the interest in the mean time will enable the mortgagee to sue. [Bank v. Doherty, 29 Wash. 233 (Wash. 1902)].